First Virginia Bank of Augusta in Augusta County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 25, 1994

First Virginia Bank of Augusta in Augusta County, Virginia (VA)
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First Virginia Bank of Augusta - Overview

General
FDIC Certificate #: 6114
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Blue Ridge (#6134)
Federal Reserve ID: 778420
Date Established: August 01, 1916
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 4132
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 25, 1994
Last Structure Change Process Date: July 14, 1994
Last Data Update: July 14, 1994
Data Source Date: April 05, 2012
Location
Address: 1355 Greenville Avenue, Augusta County, VA 24401
County: Augusta
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Staunton-Waynesboro, VA (#44420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $86.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$50Total assets
$86,328Cash and due from depository institutions
$2,543Interest-bearing balances
$0Securities
$12,795Federal funds sold & reverse repurchase agreements
$6,190Net loans & leases
$62,590Loan loss allowance
$793Trading account assets
$0Bank premises and fixed assets
$1,290Other real estate owned
$0Goodwill and other intangibles
$920Life insurance assets
$0All other assets
$0Total liabilities and capital
$86,328Total liabilities
$80,001Total deposits
$73,178Interest-bearing deposits
$60,389Deposits held in domestic offices
73178.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$6,432Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$391Total equity capital
$391Total bank equity capital
$6,327Perpetual preferred stock
$0Common stock
$2,000Surplus
$1,000Undivided profits
Memoranda
$3,327Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$28Income earned, not collected on loans
$171Earning assets
$81,575Long-term assets (5+ years)
$19,026Average Assets, year-to-date
$85,964Average Assets, quarterly
$86,551Volatile liabilities
$7,854Insider loans
$1,797FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,785Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,327Total risk weighted assets
$53,990Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,823Total interest expense
$2,232Net interest income
$4,591Provision for loan and lease losses
$62Total noninterest income
$539Fiduciary activities
$0Service charges on deposit accounts
$338Trading account gains & fees
$0Additional noninterest income
$201Total noninterest expense
$3,037Salaries and employee benefits
$1,242Premises and equipment expense
$293Additional noninterest expense
$1,502Pre-tax net operating income
$2,031Securities gains (losses)
$0Applicable income taxes
$697Income before extraordinary items
$1,334Extraordinary gains - net
$0Net income attributable to bank
$1,334Net charge-offs
$22Cash dividends
$1,024Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.42%Cost of funding earning assets
2.76%Net interest margin
5.67%Noninterest income to earning assets
0.67%Noninterest expense to earning assets
3.75%Net operating income to assets
1.55%Return on assets (ROA)
1.55%Pretax return on assets
2.36%Return on equity (ROE)
21.21%Retained earnings to average equity (YTD only)
4.93%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
281.82%Efficiency ratio
59,201Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
76.76%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
2832.14%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
85.53%Net loans and leases to core deposits
87.23%Equity capital to assets
7.33%Core capital (leverage) ratio
7.27%Tier 1 risk-based capital ratio
11.72%Total risk-based capital ratio
Memoranda
$13Average assets
$85,964Average earning assets
$6,290Average equity
$80,997Average loans

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